Men's Formal Wear and Apparel Rental Store

 Retail / 226 views

Price: $175,000.00

This men’s formal wear and apparel rental store is for sale. Serving the Indianapolis area for decades, it the go-to for events of all kinds. Thanks to local brand recognition, their clothing is worn at weddings, proms, black tie events and more.

A family-owned business, they take pride in providing excellent customer service and high quality, fashionable apparel. Their large inventory of over 1,500 suits and tuxedos make it easy for customers to find that perfect item. An on-site seamstress provides same-day fittings. The rental store offers delivery service, too.

It’s important to know that like other event-related businesses, the store had restrictions due Covid-19. However, the business is back at pre-pandemic levels. The store expects more growth in the near future.

Investment Considerations:

  • Recession resistant business model
  • Great location with frontage on a major street with high traffic
  • Seamstress on-site
  • Local brand recognition and trust

Employee Information

Two part-time employees work at the men’s formal wear and apparel rental store. It’s not anticipated that they will leave due to the sale of the business.

Lease Information

The facility is approximately 1,600 square feet with a monthly rent of $4,000 plus CAM charges. The lease expires in August of 2022. The Seller is in negotiations with the landlord.

 

** For more information regarding this Men’s Formal Wear and Apparel Rental Store  for sale, click the link below. IBA requires a A Non-Disclosure Agreement signature before details can be disclosed**

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  • Reason For Sale : The Seller is ready to retire.
  • Year Established : 1978
  • Location : Indianapolis, Indiana
  • Cash Flow : $81,958
  • Revenue : $331,917
  • Listing # : I-N2053

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